The long-anticipated creditor paybacks for FTX, one of the largest and most contentious cryptocurrency bankruptcies of all time, started on February 18, 2025. They kicked off with what was described as “a first phase,” which is focusing on smaller claims and which at least 10,000 people should expect to receive partial payments from. A total of $1.2 billion is set aside for what FTX’s very recent bankruptcy court filing in Delaware calls “early payouts to certain creditors.” A Closer Look at the FTX Repayment Process In late 2022, following a dramatic collapse, FTX filed for bankruptcy. Since then, the company
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